Genco Shipping & Trading Limited (NYSE:GNK) Raises Dividend to $0.50 Per Share

Genco Shipping & Trading Limited (NYSE:GNK) declared a quarterly dividend on Tuesday, February 17th. Stockholders of record on Wednesday, March 11th will be given a dividend of 0.50 per share by the shipping company on Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a 233.3% increase from Genco Shipping & Trading’s previous quarterly dividend of $0.15.

Genco Shipping & Trading has raised its dividend payment by an average of 0.3%per year over the last three years. Genco Shipping & Trading has a payout ratio of 49.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Genco Shipping & Trading to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 53.1%.

Genco Shipping & Trading Trading Up 3.9%

GNK traded up $0.88 on Wednesday, reaching $23.42. 251,960 shares of the company’s stock were exchanged, compared to its average volume of 346,419. Genco Shipping & Trading has a twelve month low of $11.20 and a twelve month high of $23.26. The company’s 50 day moving average is $19.63 and its 200-day moving average is $18.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.98 and a current ratio of 2.36. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -137.46, a PEG ratio of 5.99 and a beta of 1.21.

Genco Shipping & Trading (NYSE:GNK) last announced its quarterly earnings results on Tuesday, February 17th. The shipping company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Genco Shipping & Trading had a negative net margin of 2.14% and a negative return on equity of 0.62%. The firm had revenue of $109.92 million for the quarter, compared to analysts’ expectations of $78.52 million. During the same period in the previous year, the company posted $0.29 earnings per share. Genco Shipping & Trading’s revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that Genco Shipping & Trading will post 0.48 earnings per share for the current year.

Key Genco Shipping & Trading News

Here are the key news stories impacting Genco Shipping & Trading this week:

• Positive Sentiment: Company declared a $0.50 quarterly dividend (ex-dividend Mar 11; payable Mar 18), a 233.3% increase from the prior $0.15 — implies an ~8.9% yield and signals management confidence and return-of-capital to shareholders. Article Link
• Positive Sentiment: Q4 results: revenue of ~$110M (up 10.8% y/y) and EPS reported at $0.39 — beating consensus EPS and revenue estimates, with gross profit and operating profit showing meaningful improvement year-over-year. These operational beats and margin gains support near-term earnings momentum. Article Link
• Positive Sentiment: Industry view: Zacks included GNK in a list of shipping stocks to consider, reflecting favorable sector dynamics that can lift charter rates and asset values over time. Article Link
• Neutral Sentiment: Coverage piece on a recent cash offer suggests the company’s strategic narrative may be shifting (could change valuation/expectations depending on deal details). Monitor follow-ups for terms or bidder interest. Article Link
• Negative Sentiment: Some third‑party data sets reported a smaller EPS or an EPS miss to a different benchmark and highlighted large capex and rising liabilities; Quiver also flags substantial insider selling (several sales by CEO and CCO) and notable institutional trimming in Q4 — these items can weigh on sentiment despite the quarterly beat. Article Link

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Limited is a leading global owner and operator of drybulk vessels, providing seaborne transportation services for major commodities such as iron ore, coal, grain and fertilizers. The company’s fleet comprises Capesize, Panamax and Supramax vessels, which are chartered to a broad base of international charterers under both spot and period contracts. Genco’s focus on modern, fuel-efficient tonnage supports reliable cargo delivery across a variety of trade routes and market conditions.

In addition to vessel ownership and operation, Genco offers ship management, maintenance and technical support services designed to maximize fleet performance and safety.